Press release
Phytonutrient Market Increasing Demand, Industry Share with Incredible Possibilities | FMC Corporation, BASF SE, Pharmachem Laboratories LLC
Phytonutrient Market
Global phytonutrient market is set to grow from its initial estimated value of USD 4.77 billion in 2018 to an estimated value of USD 8.52 billion by 2026, registering a CAGR of 7.5% in the forecast period of 2019-2026. This rise in market value can be attributed to the increased demand and applications of it in the food & beverage industry and food supplement.
Few of the leading organizations’ names are listed here- FMC Corporation, BASF SE, Pharmachem Laboratories LLC., Koninklijke DSM N.V., Raisio Plc., Chr. Hansen Holding A/S, Archer Daniels Midland Company, Cargill Incorporated, Allied Biotech Corporation, Arboris LLC, Döhler, DDW The Colour House, Cyanotech Corporation, Kemin Industries Inc., DowDuPont, and Takasago International Corporation.
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Succinct Description of the Market:
Phytonutrient can be described as the bio-active compounds that are sourced from different plants and are used due to their nourishing capabilities and high metabolism inducing characteristic. They are used for the treatment of a number of disorders and are used in a number of food supplements because of it. They are also used as colouring agents in food products as they offer the same to a number of plants.
Market Drivers:
Increased adoption of phytonutrients in a number of food products and supplements as additives due to their high nutrition and disease altering capabilities is expected to drive the market growth
Rising income and growing concerns regarding human health is also expected to drive the market growth
Market Restraints:
Side effects associated with increased and excessive usage and consumption of phytonutrient is expected to restrain the market growth
Absence of appropriate and standardized equipment used for the extraction of phytonutrient from plants is also expected to restrain the market growth as it affects the quality of extraction and phytonutrient product
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The Promising Regions & Countries Mentioned In Phytonutrient Market Report are North America, Europe, Asia Pacific, Middle East & Africa and Latin America. This helps gain better idea about the spread of this particular market in respective regions.
In this study, the years considered to estimate the market size of Phytonutrient are as follows:
History Year: 2014-2018
Base Year: 2019
Estimated Year: 2020
Forecast Year 2020 to 2026
Crucial Market Segment details-:
By Type
Carotenoids
Beta-Carotenes
Lutein
Lycopene
Astaxanthin
Zeaxanthin
Canthaxanthin
Others
Phytosterols
Beta-Sitosterol
Campesterol
Stigmasterol
Others
Flavonoids
Phenolic Compounds
Vitamin E
Glucosinolates
Resveratrol
Ellagic Acid
Others
Betalains
Alkaloids
Monoterpenes
Anthocyanins
Lignans
By Application
Pharmaceutical
Food & Beverage
Personal Care & Hygiene
Animal Nutrition
By Source
Fruits & Vegetables
Cereals & Oilseeds
Herbs & Trees
Others
Research strategies and tools used-:
In April 2017, Kemin Industries Inc. announced the expansion and establishment of its manufacturing facility in Lipetsk, Russia. This expansion will help to meet the growing demand of the market globally and increase the market share of the company.
In September 2018, Cyanotech Corporation announced that they have agreed to purchase production and research facility including the equipment and resources from Cellana LLC. This expansion of production facility is expected to help in research and development of new products and production techniques for the company.
Table of Contents
1 Phytonutrient Market Overview
2 Manufacturers Profiles
3 Global Phytonutrient Market Competitions, by Players
3.1 Global Phytonutrient Revenue and Share by Players
3.2 Market Concentration Rate
3.2.1 Top 5 Phytonutrient Players Market Share
3.2.2 Top 10 Phytonutrient Players Market Share
3.3 Market Competition Trend
4 Global Phytonutrient Market Size by Regions
5 North America Phytonutrient Revenue by Countries
6 Europe Phytonutrient Revenue by Countries
7 Asia-Pacific Phytonutrient Revenue by Countries
8 South America Phytonutrient Revenue by Countries
9 Middle East and Africa Revenue Phytonutrient by Countries
10 Global Phytonutrient Market Segment by Type
11 Global Phytonutrient Market Segment by Application
12 Global Phytonutrient Market Size Forecast (2019-2026)
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Conclusion:
This Phytonutrient research report gives the outcome that matters most to the client. The research carried out in this report suggests what is going to be beneficial and how the report will help the business to grow.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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About Data Bridge Market Research
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